Another surprise development of the slowdown of 2008 is the sudden improvement in the image of the buy-to-let investor, previously the villain, blamed from excluding first-time buyers from homeownership. A study from the National Housing and Planning Advice Unit (NHPAU) indicates that first-time buyers have been more disadvantaged by their own lack of purchasing power.

WTF? what is she saying here? that its not the fault of btl for pushing the prices out of reach of first timers, its the fault of ftbs because they can't afford it?

QUOTE: There is, for example, very little similarity between the economic conditions today and the sorry situation that precipitated the housing crash of the early Nineties.

I agree with her.

Its so much worse this time around. We have far more sub-prime, much higher LTVs, far higher levels of consumer debt (as so many TV programs are reminding us these days), fraud is more woidespread with even the LR falling under the spell of greed as indicated by Panorama this week. If the stats are fraudulent how can anyone rely on them????Finally, this time it is far more widespread. In fact its almost Glow-ball.

Face it you VI journo's, HPI is a DISEASE and it needs to be eradicated before the infection destroys our nation.

QUOTE: There is, for example, very little similarity between the economic conditions today and the sorry situation that precipitated the housing crash of the early Nineties.

I agree with her.

Its so much worse this time around. We have far more sub-prime, much higher LTVs, far higher levels of consumer debt (as so many TV programs are reminding us these days), fraud is more woidespread with even the LR falling under the spell of greed as indicated by Panorama this week. If the stats are fraudulent how can anyone rely on them????Finally, this time it is far more widespread. In fact its almost Glow-ball.

Face it you VI journo's, HPI is a DISEASE and it needs to be eradicated before the infection destroys our nation.

clearly there are two kinds of inflation: BAD inflation where prices go up, and GOOD inflation where prices go up (House Prices)

WARNING

Your country is at risk if you do not keep up repayments on a gilt or other loan secured on it

"There is no effective way to meaningfully reduce emissions without negatively impacting a large part of the economy"
Alan Greenspan 2007 Former Chairman of the Federal Reserve

"The gross national product includes air pollution and advertising for cigarettes and ambulances to clear our highways of carnage. It counts special locks for our doors and jails for the people who break them. GNP includes the destruction of the redwoods and the death of Lake Superior. It grows with the production of napalm, and missiles and nuclear warheads... It measures everything, in short, except that which makes life worthwhile"
Senator Robert Kennedy

quote "A study from the National Housing and Planning Advice Unit (NHPAU) indicates that first-time buyers have been more disadvantaged by their own lack of purchasing power".

Who does the stupid b1tch think supports the market?

How does she think that high house prices are sustainable and will not compromise the economy in the longer term?

How the f*ck does she get paid to write such drivel and be taken seriously?

"A multitude of causes unknown to former times are now acting with a combined force to blunt the discriminating powers of the mind, and unfitting it for all voluntary exertion to reduce it to a state of almost savage torpor." Wordsworth.

".....The motives of this online fraternity that longs for the human misery produced by a market collapse are a mystery. Perhaps they hope that if they spread sufficient gloom, their rantings will become a self-fulfilling prophecy? ""

Perhaps the Journo's/VI's and the Political Classes are getting a tad upset with the alt Web Community setting the agenda these days

WTF? what is she saying here? that its not the fault of btl for pushing the prices out of reach of first timers, its the fault of ftbs because they can't afford it?

NHPAU - Government mouthpiece.See Kate Barker and that "housing review" - LOL! What a total waste of space and spin.

Just think, there has been one member of the BOE looking deeply into the housing market all this time, nobody called time before Northern Shithouse happened, in fact they just encouraged lenders to go on a further binge in 2005 - after which Northern Shithouse (and others) really went for it and relaxed lending multiples further.

"Asians make things and sell them to Americans, who borrow money from their suppliers (on the inflated value of their houses) in order to continue living beyond their means. Asians take their profits and either relend them to Americans...or use them to buy more productive capacity, in America and elsewhere.

For those who wonder where this trend will lead, we offer a guess: The average American will be left with a shoeshine kit and instructions on how to say 'please' and 'thank you' in Chinese...."

Bill Bonner.

Socialists want socialism for everyone else, but capitalism for themselves, while capitalists want capitalism for everyone else, but socialism for themselves.Link

Don't worry. By the time this has played out, Anne Ashworth, along with Kirsty & Phil and Sarah Beeny, will be hiding from lynch mobs for a good few years.

Just a thought but is someone making a list of all the people who write these articles and there email addresses because when this tidal wave does hit, It might be nice to send a mass email out to each one and ask them what they think now!...

Both surveys provoked vitriol from the vocal minority that has been wrongly forecasting a crash for the past few years and now denounces any research that might thwart their hope that their dream is about to come true.

Apart from the fact she has not made any predictions, only quote current press releases with no journalistic verve such as questioning, interviewing, researching. in any of her previous articles.

The misunderstanding is that at first the predictions in 2005 were that the market was overheating and should slow down, then 2006 worries about credit being extended too far jobs and economy weakening, 2007 was credit crunch, bad debt reposessions would rise. market should slow or reverse, credit going mad, economy tanking. 2008 is financial markets to fail, economy tanking, credit blown, houses to revert by 25% or more.

It's not that the bears have been wrong , as opposed to "no viewpoint" such as herself, just that as the situation got worse and worse we could see the end result getting worse. So misery is replaced with a growing concern as the market carried on growing on debt. I can predict the Times will fall in circulation by 2-3% as it did in 2007 and be the bottom of the tabloid formats.